Ancillary Medical Solutions offers a variety of cost-based solutions for assisting health practices earn additional revenue in their practices. The most recent enhancement offered by the company is a chronic care management solution.
San Diego, USA, June 8, 2015 (Newswire.com) - Ancillary Medical Solutions offers a variety of cost-based solutions for assisting health practices earn additional revenue in their practices. The most recent enhancement offered by the company is a chronic care management solution, which permits providers to include chronic care management in their patient billings. Therefore, physician practices are able to obtain payments for a medical service they probably already provide.
An Ancillary Medical Solutions program spokesperson recently commented about the new offering. He said, “We are really excited about adding this new and enterprising program to our listing of premium ancillary care solutions. With this new program in force, physicians can steadily receive an excellent source of monthly revenue, provided, of course, that the program is designed, organized and billed properly. If a practice has an average number of chronic care patients, a provider can see up to $50,000 more in revenue annually. This figure is based on a billing system where the patient is billed each month for 12 months straight.
Ancillary Medial Solutions adds that the chronic care management solution is a part of the programs that are outlined under the auspices of the Centers for Medicare and Medicaid Services (CMS), an agency formed under the Affordable Care Act program.
Jason Fallow, CFO
The spokesperson added, “Including this latest program in our offerings will only emphasize the attractiveness and draw or our other ancillary medical solutions – all designed to assist physicians in building their practices and increasing their bottom line. Some of our programs include ancillary practice solutions that increase the level of care and revenue through such innovative services as sudopath technology, platelet rich plasma therapy and pharmacogenetics.
However, in order for care providers to obtain remittances of this nature, they must follow specific requirements. Practices must identify the patients who qualify. Therefore, eligible patients are those individuals who exhibit two or more chronic conditions which are anticipated to last at least a year, or until the patient’s passing.
The billing provider must also have back-up paperwork in the form of a signed agreement with the patient, permitting the practice to bill the patient for chronic care services – detailing right of cancellation, types of services and co-payments. During a 30-day period, the primary care provider must supply at least 20 minutes of chronic care management services per patient. The provider must also present a copy of the care management plan to the patients he treats.
"Ancillary Medial Solutions adds that the chronic care management solution is a part of the programs that are outlined under the auspices of the Centers for Medicare and Medicaid Services (CMS), an agency formed under the Affordable Care Act program." This new reimbursement offered by the CMS will offer enormous revenue opportunities as well for medical technology companies that issue non-face-to-face tracking programs for patients with chronic disease.
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